UFA, Russia, July 9 (Reuters) - The BRICS emerging nations
said on Thursday they were worried about the volatility of
global financial markets and oil prices and agreed to coordinate
efforts to keep their economies stable.

Leaders of Brazil, Russia, India, China and South Africa
finally launched the group's largest initiatives to date -- a
development bank and a currency pool -- and called at a summit
for a swift deal on curbing Iran's nuclear programme.

For Russian President Vladimir Putin, hosting the summit in
the city of Ufa, the launch of the bank and the pool had been a
key priority, as was the group's ability to sound more unified
than at some previous meetings.

"We are concerned about the instability of the markets, the
high volatility of energy and commodity prices, and the
accumulation of sovereign debt by a number of countries," Putin
said.

"These imbalances affect the growth rate and our economies.
In these circumstances, the BRICS states intend to actively use
their own resources and internal resources for development," he
added, without giving details.
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